US households' consumption and car purchases collapsed during the Great Recession, for reasons that are still poorly … intensive margin contracted sharply in the Great Recession, a finding in stark contrast to conventional wisdom and to the … and wealth shocks are important determinants of consumption choices during the Great Recession …

Although a credit tightening is commonly recognized as a key determinant of the Great Recession, to date, it is unclear … employment decline during the Great Recession would have been less severe if instead of focusing on easing firms' access to …

Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in … Recession's official end in the summer of 2009, but because it was slow and the depth of the recession so deep, it took years to … reduce slack in labor markets. But because the slow-and-steady recovery lasted so long, many pre-recession peaks were …